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The BFP University: Mind Your Money Podcast is an extension of the great education and conversation the Bradshaw Financial Planning team has always believed in. This show will extend the kinds of financial and retirement planning topics we've covered over the years in our video series and blogs with the added ability to highlight and elevate some of the top business owners and leaders in and around Salisbury, NC. Your hosts are Trent Bradshaw and Brandon Rogers of Bradshaw Financial Planning ...
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Ep 43: What’s Your Biggest Financial Fear?
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Few things in our life stir up as much emotion as our finances do, and those feelings can be all over the board. The strongest emotion, however, is fear and it drives many of our decisions with money. So what’s your biggest financial fear? We ask this consistently during our initial meetings with prospective clients and the answers are all over the…
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Ep 42: Four Ways The SECURE Act 2.0 Might Impact You
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After being discussed in Congress for nearly a year and a half, the SECURE Act 2.0 passed in January. It builds on the original legislation that took effect at the beginning of 2020, but this latest bill still includes nearly 100 provisions. We don’t have time to sort through all of those, but we do want to highlight a handful of the items that cou…
Too many folks misunderstand bonds, how they work, and what role they play in a proper financial plan. We’ll address some of those bond-related issues on today’s show. In this episode, you will learn where bonds fall on risk levels, how bonds are related to interest rates, and more. We also address how bonds are responding to the current market. He…
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Ep 40: Mailbag – Common Retirement Planning Questions
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We try our best to cover common retirement planning topics, but sometimes it helps to hear directly from our audience. Today we will be answering mailbag questions from clients/listeners. In this episode, you will learn about different portfolio risk levels, Roth IRAs, and more. If you have any questions you’d like us to answer, feel free to reach …
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Ep 39: Controlling Greed, Fear, and Other Emotions When Planning for Retirement
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On this episode, we’re going to share stories with you of times when emotions like fear, greed, and pride led someone astray in their financial decisions. We’ll even cover the role positive emotions like hope and joy play in the retirement planning process. If you want to better understand and control your emotions to experience a better financial …
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Ep 38: How Procrastination Can Doom Your Financial Future
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People have many reasons for procrastinating when it comes to putting a retirement plan together. Some people struggle with perfectionism. Others are avoidant due to stress. No matter what your roadblock is, one day you will have to stop procrastinating. The sooner, the better. Let’s explore some of those excuses and why they can be dangerous and t…
Being a good advisor isn’t about winning a popularity contest or just saying the same things that everyone else in the industry says, it’s about giving the best advice that you can for each individual situation. On today’s show, we’re going to peel back the curtain to discuss some areas where a good financial advisor’s opinions might go against the…
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Ep 36: Planning for Retirement’s Uncertainties
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There are many things that we know we’ll have to deal with in retirement, we just don’t know how to predict when or to what degree. How do you construct a plan that deals with the unpredictability of these different factors? In this episode, we will try to prepare you for some changes you may encounter in your financial plan over the years. Here’s …
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Ep 35: Should You Follow These Popular Retirement Rules of Thumb?
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You’ve most likely heard plenty of “rules” you’re supposed to follow to retire successfully. Some of these rules are stated so confidently, you’d be crazy not to immediately accept them as fact. But we don’t mind the threat of being called crazy, so let’s dive into some of the most popular retirement “rules of thumb” to see if they truly lead us do…
Let’s see if your tolerance for risk matches your financial plan. What should you do if that balance is out of whack? What if you’re a natural risk taker, but you really shouldn’t be when it comes to your finances? We’ll explore all of these angles as we break down the role of risk in your financial and retirement plan. Here’s some of what you’ll l…
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Ep 33: Mailbag – Inheritance, Market Growth, and More
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We are opening up the mailbag on today’s show to answer some questions from our clients and our listeners. We’ll explore inheritances, meeting new advisors, and much more. Wendy just inherited a farm along with her six siblings. Four want to sell and three of them want to keep it. Should they buy out the four or argue until they're on the same page…
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Ep 32: Picking Sides on Common Financial Debates
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There are a lot of financial debates and questions out there. Should you always pay off the house as soon as you can or take the mortgage payment into retirement? Some of us assume you don’t need life insurance once you’re in retirement, but is this true? To every question, there’s an emotional and logical reaction and we’ll explore each side of th…
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Ep 31: Retirement Ain’t What it Used to Be
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In some ways, retirement planning is easier than it used to be and in other ways, it’s a lot more complicated. The one thing we can all agree on though is that retirement ain’t what it used to be. Pensions are very rare now, with most people relying on Social Security as their main retirement income bucket. People are living longer and longer, mean…
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Ep 30: Investor Beware: Spotting Red Flags When Working With an Advisor
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What red flags do you need to be aware of when it comes to working with an advisor? There are a lot of professionals out there, with different names and designations. So, it’s important to work with a qualified and experienced professional you are comfortable with. On today’s episode, we’ll break down some common red flags we’ve seen throughout the…
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Ep 29: Tax Consequences on Various Retirement Accounts
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When saving for retirement there are various tools and vehicles you can invest your money in. Some come with a tax bill now while others will come later. With tax-deferred accounts like a 401(k) or IRA, you pay your taxes later and save now. In contrast, with a Roth IRA, you don’t have to worry about tax brackets going up because you can withdraw i…
Most people realize that a customized retirement plan is much better than a one size fits all approach and yet, most of us don’t have a truly customized plan. The age you retire is unique to your situation. Maybe you have to wait for Medicare to kick in or perhaps you really enjoy your job and want to work part-time. Once you are actually in retire…
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Ep 27: Who Even Needs a Financial Advisor?
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Some people think they’ll save money doing their financial plan on their own. Others like the challenge or maybe you just don’t know who to trust. So, on today’s episode, we’ll explore some reasons you may really need a financial advisor and the benefit of working with a professional. Are you a procrastinator? When it comes to finances, we sometime…
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Ep 26: Things that Don’t Matter Until They Do
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Smoke alarms, airbags, and fire extinguishers are all things that don’t really matter until they absolutely do. On rare occasions that you need these items, you’ll be really glad that you have them. On today’s episode, we’re going to explore 4 areas in financial planning that may seem like they don’t matter until they do. We see a lot of people ign…
Everyone has questions when it comes to financial planning. So today, we are going to sit down and discuss some common questions we get from our listeners and clients. How much do you need to retire? Well, it’s going to depend on your retirement goals. Will you travel, remodel the house, or cut down on big purchases? When it comes to your emergency…
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Ep 24: Planning for Things We Can’t Predict
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There are certain things in life we just can’t predict. If we knew the answers to some of these questions, planning for retirement would sure be a lot easier. You are probably concerned about things that you can’t control: the stock market, taxes, healthcare, etc. However, it’s important to prepare your plan for these unknowns. The next market cras…
You’ve probably heard about the big changes we’ve seen in the job market recently and what’s being called “The Great Resignation.” If you are thinking about changing careers, taking a break from work, or retiring early what do you need to know before you do so? If you do take a break from work, it can impact your Social Security payments later on. …
There are a lot of economic predictions for 2022 floating around. What do Trent and Brandon think of these predictions? Are they likely to come to fruition? Some predictions see GDP growth while others see the housing market cool down. While we certainly saw the impacts of supply chain issues through inflation in 2021, what does 2022 hold? The Grea…
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Ep 21: What Should You Know About Life Insurance?
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Ironically, life insurance is a young man’s game. A lot of people assume the older they get, the less they need it but that might not be the case. There can be benefits for your family and your tax planning strategy that you may be unaware of. While age is really important when applying for insurance your needs are always changing. You can use it f…
As 2021 draws to an end, let's consider some money resolutions we can take on in the new year. On today's episode, we will go over 22 money resolutions you can make in 2022. Some are quick and easy, like checking your credit. While others will be great to do with your advisor. We will discuss reducing your debt, budgeting, consolidating accounts, a…
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Ep 19: Should You Be Putting Off These Financial Matters?
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We all put things off from time to time. When it comes to our finances what should we be addressing sooner rather than later? On today's show, we will be discussing 5 financial topics and whether it is wise to push them off or not. Are you thinking of deferring taxes on your retirement accounts? Well, this depends a lot on your current tax bracket …
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Ep 18: Spotting Red Flags in Our Finances
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You’ll want to keep an eye out for red flags in your financial plan to address them as soon as possible. But sometimes we don’t necessarily know what kind of warning signs we are looking for. Maybe you are wondering if you meet with your advisor enough. Perhaps you are worried about your account movement. Either way, we want to be vigilant about th…
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Ep 17: Financial Planning for the Holidays
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With the holidays right around the corner, now is the perfect time to start financially planning for this expensive time of year. The holidays are about being with family, it is okay to set limits on your gift-giving and spending. You'll want to make sure that your plan accounts for things like travel, food, and even healthcare. So today, we are di…
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Ep 16: Personal Stories from Financial Advising
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Brandon and Trent are getting personal today with some stories from their careers as financial advisors. It all goes back to their first clients, who taught them the importance of creating a comfortable retirement plan depending on one's situation. In the years since they have found themselves being both educators and last-minute financial saviors.…
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Ep 15: Don’t Make These Retirement Assumptions
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Preparing for retirement means running through a checklist of items and making sure you’re ready for everything life throws at you, but many people often make assumptions that just aren’t always true. Let’s talk about four of the most common retirement assumptions we see and why you can’t build a plan based on these beliefs. Key Points: 0:29 – I’ll…
Our job as financial advisors is to help clients reach their retirement goals through proper planning and careful execution, but not everything in the financial world operates as we’d like. It’s time to highlight the areas in planning that can be really frustrating, even for us. Key Points: 0:47 – Hidden Fees 2:05 – Advisors that put their own goal…
The pension has long been the key source of income for American retirement plans, but that’s changed over the past decade or two. As the pension disappears, it’s impacting the way people have to save and invest to ensure their retirement goals are met. On this episode, we’ll discuss the adjustments that pre-retirees are having to make. Key Points: …
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Ep 12: Financial Planning in Biden's America
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The first months under the latest administration in Washington D.C. has already seen a number of changes and proposals laid out that will impact financial planning. Let’s take a look at five of most issues that are being addressed and determine what this might mean for our clients. Key Points: 0:43 – Coronavirus stimulus and continued response 5:05…
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Ep 11: Lessons From The Market Crash Hall Of Fame
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Everyone wants to know when the next market crash is going to happen, but there’s no one with that answer. The better question is what can you do to be prepared for that next crash? Let’s take a look back at the worst crashes in market history and what lessons they taught us about planning. Key Points: 1:36 - Black Tuesday 4:00 - The Dot Com Crash …
Have you thought about what life is going to be like for you in retirement? Is there a particular lifestyle you’re seeking? Not all retirement planning is about the finances. Let’s look at some of the lifestyles that are popular among retirees and discuss some of the financial things to consider if you’re going to try to live out one of these parti…
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Ep 9: Money Lessons From The Richest Musicians
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Let’s look at some of the richest people in the music industry and see what lessons we can learn from them that we can apply to our own retirement planning. Key Points: 1:18 - Andrew Lloyd Webber 3:13 - Bono 4:45 - Sean Combs 6:46 - Dolly Parton Contact: Email: office@bradshawfp.com Call: 704-216-2260…
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Ep 8: Navigating Through Financial Stress With Dr. Natalie Atwell
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Dr. Natalie Atwell joins us on today's show. Dr. Atwell is a Licensed Clinical Mental Health Counselor Supervisor in the state of North Carolina and a Board Certified Professional Christian Counselor. She currently runs her own practice and also teaches counseling classes at Liberty University. We talk to Dr. Atwell about how finances can impact bo…
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Ep 7: 2021 Housing Market With Dianne Greene
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In this episode, we are joined by Dianna Greene, the owner of Towne and Country Century 21 in Salisbury, North Carolina. Dianna discusses how the current real estate market stands and compares it to her four decades of experience. She also gives insight into how the real estate world is changing and common trends she is seeing in the market. Key Po…
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Ep 6: How COVID-19 Has Impacted The Airline Industry With Ron Corriher
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We invite airline pilot Ron Corriher to the podcast today. Ron has experienced first-hand on how the pandemic has changed the airline industry. We discuss the rules and regulations that have been put in place for safe travel, capacity of flights, and much more. Key Points: 0:31 - About Our Guest Ron Corriher 1:44 - Current Capacity? 2:27 - New Requ…
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Ep 5: Alternative Investments: Ignore? Or Jump All Over Them?
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The “normal” investment world already seems crowded with endless possibilities of companies and ways to invest. Yet there’s a segment of the market classified as alternative investments that many people find intriguing. Could there ever be a place for alternative investments in your portfolio? What are some of the alternative investments you should…
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Ep 4: Explaining GameStop’s Meteoric Stock Rise And Lessons Learned From A Wild Few Weeks On Wall Street
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You probably heard all about GameStop stock and buzzwords like short squeeze, Reddit’s Wall Street Bets, and hedge funds the last week of January. But what really happened that had all of the financial media world stirred up and Alexandria Ocasio-Cortez and Donald Trump Jr. actually agreeing about something? We’ll seek to explain what happened and …
For most people, legacy planning is an uncomfortable conversation to have with their loved ones, but it is vital to get all the details squared away while you are still in good health. On today's show we discuss some common legacy and estate planning mistakes and how you may be able to avoid those with a proper plan in place. Key Points: 0:29 - Com…
It seems that most people don’t have a clear picture of whether they should contribute to a traditional IRA or a Roth. Let’s discuss how to determine what’s best for you. Key Points: 0:31 - What Is A Traditional IRA? 4:10 - Required Minimum Distributions 5:09 - What Is A Roth IRA? 8:12 - Power Of Compounding Interest 8:57 - Requirements To Be Able …
On the first episode of the show, Trent and Brad share some of their goals for the podcast and explore the ins and outs of the different types of annuities available to investors. They'll give some real world examples of how annuities get used in client portfolios and also discuss why these products are sometimes controversial. Key Points: 0:38 - S…
